Elon Musk’s SEC filings reserve the right to buy a larger stake in Twitter
by Richard Lawler from The Verge - All Posts on (#5Y2HF)
Illustration by Kristen Radtke / The Verge; Getty Images Now that Elon Musk will not be the new member of Twitter's board of directors, it means more speculation about his true intentions and, yes, more paperwork. Musk has, again, updated the required filing (pdf) for investors buying a significant chunk of a publicly traded company, in which investors must explain their intentions.
The new form confirms that any arrangement blocking Musk from trying to buy a significantly larger share of the company is gone, and it lays out various ways he may make his voice heard going forward. The result is a piece of evidence for anyone who suspects Musk's reversal had something to do with the legal requirements that would come with serving on Twitter's board.